CAPROCK Group Inc. acquired a new stake in UDR, Inc. (NYSE:UDR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,429 shares of the real estate investment trust’s stock, valued at approximately $219,000.

Other large investors also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new position in shares of UDR in the second quarter valued at $118,000. American National Bank acquired a new position in shares of UDR in the second quarter valued at $130,000. Point72 Hong Kong Ltd increased its holdings in shares of UDR by 1,406.2% in the second quarter. Point72 Hong Kong Ltd now owns 3,886 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 3,628 shares during the last quarter. Lourd Capital LLC acquired a new position in shares of UDR in the third quarter valued at $217,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of UDR by 1,900.0% in the second quarter. Qube Research & Technologies Ltd now owns 6,280 shares of the real estate investment trust’s stock valued at $236,000 after acquiring an additional 5,966 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

In related news, CEO Thomas W. Toomey sold 40,000 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $39.80, for a total transaction of $1,592,000.00. Following the completion of the sale, the chief executive officer now owns 1,768,753 shares of the company’s stock, valued at $70,396,369.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynne B. Sagalyn sold 4,773 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $40.40, for a total transaction of $192,829.20. Following the sale, the director now directly owns 87,176 shares of the company’s stock, valued at approximately $3,521,910.40. The disclosure for this sale can be found here. Insiders have sold 114,773 shares of company stock valued at $4,545,229 in the last ninety days. 3.16% of the stock is currently owned by company insiders.

UDR stock opened at $39.07 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 6.03 and a current ratio of 6.03. UDR, Inc. has a 52 week low of $32.88 and a 52 week high of $41.04. The stock has a market capitalization of $10.82 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 3.41 and a beta of 0.33.

UDR (NYSE:UDR) last posted its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. UDR had a net margin of 18.47% and a return on equity of 6.87%. The business had revenue of $259.74 million during the quarter, compared to analysts’ expectations of $253.59 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. UDR’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that UDR, Inc. will post 1.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th will be given a dividend of $0.3323 per share. This is a boost from UDR’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, October 9th. This represents a $1.33 annualized dividend and a yield of 3.40%. UDR’s dividend payout ratio is currently 68.98%.

Several equities analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of UDR from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, August 10th. Citigroup upped their price target on shares of UDR from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, August 2nd. Robert W. Baird restated a “buy” rating and issued a $40.00 price target on shares of UDR in a research note on Thursday, August 16th. Zacks Investment Research upgraded shares of UDR from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Wednesday, July 25th. Finally, ValuEngine upgraded shares of UDR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. UDR has an average rating of “Hold” and a consensus target price of $39.50.

About UDR

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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